Wednesday, May 10, 2006
Giving your money away ?
There are many bargains to be found on Ebay.
Today I bought a Star Wars Figure for just 25p. P&P was £1.50.
A breakdown of the seller's cost would typically be as follows:
Listing fee 15 p
Final Value fee 5 p
Paypal fees (assuming standard rate at 3.4% +20p on total amount paid including P&P) = 26 p
Total seller's costs = 46p
Profit from P&P (after Postage cost and Packaging expenses) about 50p
Price sold = £1.75
minus fees 0.46
minus P&P 0.75
Sellers Profit £0.54
Not including time and effort.
To make money more effectively sell for a higher price.
If someone will pay 25p they are sure to pay £1.25, so up the start price.
If they will pay £1.25 they are sure to pay £1.50.
If you have many cheap items then sell in larger quantities.
There are many people who sell on Ebay for a living.
There are many more who sell on Ebay at a loss.
By making sure what your costs are, you will be on the way to making a profit.
Today I bought a Star Wars Figure for just 25p. P&P was £1.50.
A breakdown of the seller's cost would typically be as follows:
Listing fee 15 p
Final Value fee 5 p
Paypal fees (assuming standard rate at 3.4% +20p on total amount paid including P&P) = 26 p
Total seller's costs = 46p
Profit from P&P (after Postage cost and Packaging expenses) about 50p
Price sold = £1.75
minus fees 0.46
minus P&P 0.75
Sellers Profit £0.54
Not including time and effort.
To make money more effectively sell for a higher price.
If someone will pay 25p they are sure to pay £1.25, so up the start price.
If they will pay £1.25 they are sure to pay £1.50.
If you have many cheap items then sell in larger quantities.
There are many people who sell on Ebay for a living.
There are many more who sell on Ebay at a loss.
By making sure what your costs are, you will be on the way to making a profit.
